Jeff Yass Susquehanna International Group
Jeff Yass is a co-founder of Susquehanna International Group (SIG), a major global trading and market-making firm. SIG is known for options expertise, quantitative trading, and a training culture grounded in probabilistic decision-making. Yass’s firm is influential across derivatives markets even though it is less of a traditional long-only stock-picking franchise.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$781M |
| 2 |
Amazon
AMZN
|
+$728M |
| 3 |
AABA
Altaba Inc
AABA
|
+$535M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$296M |
| 5 |
Booking.com
BKNG
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$353M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$261M |
| 3 |
Alibaba
BABA
|
+$228M |
| 4 |
Citigroup
C
|
+$170M |
| 5 |
DuPont de Nemours
DD
|
+$165M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.03% |
| 2 | Consumer Discretionary | 1.46% |
| 3 | Financials | 1.01% |
| 4 | Healthcare | 0.92% |
| 5 | Communication Services | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $188M | 0.08% |
2,122,400
-340,200
| -14% | -$29.9M |
|
202
PUT
Blackstone
BX
$108B
| $187M | 0.08% |
5,612,700
-2,718,200
| -33% | -$85.3M |
|
203
PUT
Lockheed Martin
LMT
$130B
| $184M | 0.08% |
664,000
-251,500
| -27% | -$69.1M |
|
204
PUT
VanEck Junior Gold Miners ETF
GDXJ
$9.76B
| $181M | 0.08% |
5,435,000
+1,293,600
| +31% | +$43.1M |
|
205
PUT
Snap
SNAP
$8.86B
| $181M | 0.08% |
10,176,800
+6,082,100
| +149% | +$123M |
|
206
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $180M | 0.08% |
5,017,700
+702,900
| +16% | +$26M |
|
207
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.7B
| $180M | 0.08% |
1,572,500
+1,496,700
| +1,975% | +$172M |
|
208
PUT
SLB Ltd
SLB
$79.9B
| $179M | 0.08% |
2,718,700
+1,408,900
| +108% | +$101M |
|
|
209
CALL
DuPont de Nemours
DD
$18.7B
| $178M | 0.08% |
1,115,974
-127,823
| -10% | -$20.3M |
|
210
PUT
Coca-Cola
KO
$392B
| $176M | 0.08% |
3,929,300
-456,500
| -10% | -$20.2M |
|
211
CALL
Philip Morris
PM
$293B
| $176M | 0.08% |
1,498,500
-159,800
| -10% | -$18.5M |
|
212
CALL
AstraZeneca
AZN
$257B
| $175M | 0.08% |
2,565,250
+1,256,400
| +96% | +$82M |
|
213
CALL
Cisco
CSCO
$438B
| $172M | 0.08% |
5,506,100
-812,400
| -13% | -$26.5M |
|
|
X
214
PUT
DELISTED
US Steel
X
| $171M | 0.08% |
7,734,600
+2,292,700
| +42% | +$54.4M |
|
215
CALL
FedEx
FDX
$76.9B
| $170M | 0.07% |
783,500
-410,900
| -34% | -$81.1M |
|
216
CALL
Palo Alto Networks
PANW
$292B
| $170M | 0.07% |
7,603,800
+2,509,800
| +49% | +$50.7M |
|
217
PUT
Mastercard
MA
$509B
| $169M | 0.07% |
1,390,300
+434,000
| +45% | +$51.5M |
|
218
PUT
Qualcomm
QCOM
$169B
| $168M | 0.07% |
3,047,300
+369,100
| +14% | +$20.6M |
|
219
CALL
American Express
AXP
$227B
| $167M | 0.07% |
1,987,100
+365,900
| +23% | +$29M |
|
|
BAC.WS.A
220
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
| $167M | 0.07% |
13,900,626
| – | – |
|
221
CALL
VanEck Semiconductor ETF
SMH
$66.4B
| $165M | 0.07% |
4,025,800
+2,035,200
| +102% | +$84M |
|
222
PUT
Bausch Health
BHC
$2.41B
| $162M | 0.07% |
9,379,400
+677,800
| +8% | +$8.12M |
|
223
Ford
F
$57.5B
| $162M | 0.07% |
14,462,976
+4,778,518
| +49% | +$53.4M |
|
224
PUT
AutoZone
AZO
$48.3B
| $162M | 0.07% |
283,600
+22,200
| +8% | +$14.5M |
|
225
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $161M | 0.07% |
4,965,472
+351,184
| +8% | +$11.8M |
|
Similar funds
Jeff Yass's Q2 2017 Portfolio in Review
As of Q2 2017, Jeff Yass held 10,525 positions worth $228B, up 15% from $198B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Jeff Yass deployed $21.5B of net new capital in Q2 2017, opening 1,702 new positions and adding to 3,804 existing holdings. Its largest new stake was Altaba Inc: 9,835,232 shares worth $536M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, up from 1.2% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $353M trimmed.
- Jeff Yass's largest Q2 2017 buy was Altaba Inc: 9,835,232 shares worth $536M.
- Jeff Yass added most to Apple in Q2 2017, an estimated $781M increase.
- Jeff Yass's biggest Q2 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $353M.
- Jeff Yass fully exited Alphabet (Google) Class C in Q2 2017, selling an estimated $261M.
- Jeff Yass's ten largest holdings make up 22% of its $228B portfolio in Q2 2017.
- Jeff Yass opened 1,702 new positions and closed 1,419 in Q2 2017.
- Jeff Yass's portfolio value rose 15% quarter-over-quarter to $228B.
Based on Susquehanna International Group's 13F filing for Q2 2017, filed 15 Aug 2017.